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Europe Daily Bulletin No. 13068

23 November 2022
SECTORAL POLICIES / Energy
European Commission proposes to give EU ability to cap gas prices at €275/MWh in event of a sharp increase
Brussels, 22/11/2022 (Agence Europe)

The European Commission presented, on Tuesday 22 November, a legislative proposal to address excessive fossil gas prices by capping the settlement prices of energy derivatives traded on the Title Transfer Facility (TTF), the benchmark generally used in the EU, at €275/MWh under certain circumstances.

Scope

This cap could only apply starting from 1 January 2023 and would concern only ‘front-month’ TTF products, i.e. those with the earliest expiry date among one-month derivatives. The...

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BEACONS
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EUROPEAN PARLIAMENT PLENARY
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